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UAE increases its London pledges to Yemen to $ 650 mln

UAE increases its London pledges to Yemen to $ 650 mln

[06/December/2007]

 

SANA'A, Dec. 06 (Saba)- United Arab Emirates increased its pledges in London conference to Yemen up to $ 650 million.

The two countries agreed on considering $ 150 million allocated for funding dams as an additional sum to the UAE pledges announced in the London conference to Yemen which was $ 500 million .

Yemen and the Abu Dhabi Fund for Development signed a memo of allocating $ 310
million within the UAE guarantees to Yemen to finance main development projects in the investment program of the Yemen's five-year plan.

AH/AM

Saba

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